Post
Topic
Board Altcoin Discussion
Re: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero)
by
Wanderlust
on 23/06/2015, 12:19:25 UTC
Some times I think if the developers own a lot of the coin, they will have more incentive to make it successful.

It's only a short-term incentive. The real talent is always going to flow towards projects that aren't giant scams (Bitcoin for example) which means you can only ride the wave and pump the price for a few years before the house of cards collapses around you. Good scammers recognise this and move on to the next scam quickly enough.

For the record, how long was BTC mined before bitcointalk was set up? How much BTC was mined in private circles before a wider audience joined in the mining effort?



Anonfile links in OP r broken. Cannot evidence the screenshots. Any other links?

Anonfile is being a piece of shit lately. Thankfully archive.org has saved copies.

whitepaper_v1.pdf, SHA hash 509da5d77428a8d26e75601fe9ac22d1f958d29a, https://web.archive.org/web/20140706225233/https://cryptonote.org/whitepaper_v1.pdf

whitepaper.pdf, SHA hash 5bafdd891c1459ddfd22d71412d5365de723fb23, https://web.archive.org/web/20140529235502/https://cryptonote.org/whitepaper.pdf

I've updated the links in the main post.

so a bunch of cypherpunks/academics/NSA dudes create a tech which is widely recognized to be bullet-proof…
market cap a few million bucks… whatever

No Charlie, it's not bullet-proof.

the tech has spawned a plethora of copies (all bad except XMR according to thread-starter) worth many millions more. And yet I am supposed to chew out the geniuses benhind CN?? I don't think so… what will XMR offer for future dev? BCN showing the way atm it seems.

Monero is fixing the huge failings found in the CN protocol. https://lab.getmonero.org/pubs/MRL-0004.pdf

But that's not really the point of the research. The point is that CN/BCN is a scam that is desperately trying to pretend it's legit, and thats some bullshit right there.

could u elaborate on No Charlie, it's not bullet-proof. and "Monero is fixing the huge failings found in the CN protocol."

thanks, and thanks for the updated links.